PHINIA (NYSE:PHIN) Hits New 12-Month High - Here's Why

Key Points

• PHINIA Inc.'s stock recently reached a new 52-week high of $59.60, showing strong trading volume of 329,571 shares.
• Wall Street analysts have a consensus rating of "Moderate Buy" for PHINIA, with price targets ranging from $48.00 to $55.00, reflecting positive growth expectations.
• The company announced a quarterly dividend of $0.27, with a dividend yield of 1.8% and a payout ratio of 41.70%.

PHINIA Inc. (NYSE:PHIN - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $59.60 and last traded at $59.13, with a volume of 329571 shares traded. The stock had previously closed at $58.96.

Wall Street Analysts Forecast Growth

PHIN has been the subject of several research analyst reports. Bank of America raised their price target on PHINIA from $53.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, May 15th. UBS Group restated a "neutral" rating and set a $55.00 price target (up previously from $52.00) on shares of PHINIA in a report on Friday, July 25th. Wall Street Zen upgraded PHINIA from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th. Finally, Morgan Stanley raised their price target on PHINIA from $46.00 to $48.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, PHINIA currently has a consensus rating of "Moderate Buy" and an average price target of $53.17.

PHINIA Trading Up 0.3%

The stock has a market cap of $2.30 billion, a PE ratio of 22.83, a PEG ratio of 0.52 and a beta of 1.51. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.36 and a current ratio of 1.86. The stock has a fifty day moving average price of $50.23 and a 200 day moving average price of $45.97.

PHINIA (NYSE:PHIN - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.28. The firm had revenue of $890.00 million during the quarter, compared to analysts' expectations of $836.51 million. PHINIA had a return on equity of 10.74% and a net margin of 3.22%.The company's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 EPS. PHINIA has set its FY 2025 guidance at EPS. Equities analysts expect that PHINIA Inc. will post 4.21 EPS for the current year.

PHINIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be issued a $0.27 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.8%. PHINIA's payout ratio is 41.70%.

Hedge Funds Weigh In On PHINIA

A number of institutional investors and hedge funds have recently modified their holdings of PHIN. Envestnet Asset Management Inc. lifted its stake in shares of PHINIA by 2.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,913 shares of the company's stock worth $441,000 after acquiring an additional 212 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of PHINIA by 1.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 17,080 shares of the company's stock worth $725,000 after buying an additional 274 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in shares of PHINIA by 3.1% in the 1st quarter. OneDigital Investment Advisors LLC now owns 9,253 shares of the company's stock worth $393,000 after buying an additional 279 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of PHINIA by 1.5% in the 1st quarter. SummerHaven Investment Management LLC now owns 18,935 shares of the company's stock worth $803,000 after buying an additional 282 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in shares of PHINIA by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 40,101 shares of the company's stock worth $1,784,000 after buying an additional 327 shares during the period. Hedge funds and other institutional investors own 90.94% of the company's stock.

PHINIA Company Profile

PHINIA Inc engages in the development, design, and manufacture of integrated components and systems that optimize performance, increase efficiency, and reduce emissions in combustion and hybrid propulsion for commercial and light vehicles, and industrial applications. The company operates through Fuel Systems and Aftermarket segments.

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